Bitcoin - Exhaustion Gap

BTC appears to be in an exhaustion gap, indicating that price should fill the gap to $8500. This could begin the correction from the halving hype, which could see price return to the point of control (orange line)

Comment:

Open Interest 555,000,000 USD on Bitmex, suggesting potential long squeeze

Comment:

Order Placed:

Side: Short
Entry: 10089.0
Stop Loss: 10361.0
Target: 6721.0
RR(BTC): 18.03
RR(USD): 12.38

Comment:

Order amended:
Side: Short
Entry: 10274.0
Stop Loss: 10361.0
Target: 6721.0
RR(BTC): 53.77
RR(USD): 40.84

Comment:

(error in previous post comment)
Order amended:
Side: Short
Entry: 10274.0
Stop Loss: 10421.0
Target: 6721.0
RR(BTC): 33.98
RR(USD): 24.17

Comment:

Order amended (SL raised):
Side: Short
Entry: 10268.0
Stop Loss: 10561.0
Target: 6721.0
RR(BTC): 18.02
RR(USD): 12.11

Comment:

Order amended again to raise entry and stop:
Side: Short
Entry: 10389.0
Stop Loss: 10651.0
Target: 6721.0
RR(BTC): 20.89
RR(USD): 14.00

Comment:

Comment:

order amended:
Side: Short
Entry: 10289.0
Stop Loss: 10761.0
Target: 6721.0
RR(BTC): 11.67
RR(USD): 7.56

Comment:

Side: Short
Entry: 10489.0
Stop Loss: 11011.0
Target: 6721.0
RR(BTC): 11.43
RR(USD): 7.22

Comment:

Side: Short
Entry: 10444.0
Stop Loss: 11001.0
Target: 6721.0
RR(BTC): 10.60
RR(USD): 6.68

Comment:

Side: Short
Entry: 10417.0
Stop Loss: 11001.0
Target: 6721.0
RR(BTC): 10.04
RR(USD): 6.33

Comment:

order amended... again :P
Side: Short
Entry: 10868.0
Stop Loss: 11401.0
Target: 6721.0
RR(BTC): 12.76
RR(USD): 7.78

Order cancelled